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OLYMPIA, Wash., Feb. 3, 2021 /PRNewswire/
Headquartered in Billings, Montana, Billings Federal Credit Union (BFCU) launched a new small dollar loan product on November 30
th, 2020. QCash is a short-term loan ranging from $250 to $1,000 that helps members deal with unexpected cash needs in an easy to use, mobile application process.
Billings Federal Credit Union s Main Branch
Using QCash Financial s white-label, digital small dollar lending platform, BFCU automated the loan process using the member s credit union relationship history to make the lending decision rather than credit history. Members learn immediately what they qualify for, and the funds are deposited into their account right away. The fees and rates are configurable by each financial institution and are substantially lower than predatory lenders.